Independent research group Matrix Services has conducted a survey of China's funds industry that calculates professionally managed assets now total $168 billion, a figure that could rise by a factor of 10 in seven years.
The biggest chunk comes from life insurance companies, accounting for $88 billion of assets, with pensions including pillars one and two of the unified pension scheme and the National Social Security Fund at $60 billion and the mutual funds business at $20 billion.
That compares to an estimated $85 billion in the 'grey' or unregulated funds business, and $225 billion of unregulated direct investment into the capital markets or overseas holders of government bonds, putting the...
